Loans balance up in Shanghai at end-June

Source: Xinhua| 2020-07-18 19:57:03|Editor: huaxia

SHANGHAI, July 18 (Xinhua) -- The balance of loans in Shanghai stood at 8.2 trillion yuan (about 1.17 trillion U.S. dollars) at the end of June, up by 5.5 percent year on year, data showed.

The balance of loans in the Chinese yuan, or the renminbi (RMB), was 7.53 trillion yuan at the end of June, up by 4.8 percent year on year, and the growth rate was 0.1 percentage points lower than that at the end of the previous month, according to the People's Bank of China Shanghai Head Office.

The balance of foreign currency loans was 95.1 billion U.S. dollars at the end of June, up by 11 percent year on year.

New RMB loans hit 343 billion yuan in the first half, 7.2 billion yuan more than the same period last year.

New foreign currency loans stood at 8.8 billion U.S. dollars in the first half of the year, 6.3 billion U.S. dollars more than the same period last year.

The balance of Shanghai's deposits stood at 14.4 trillion yuan at the end of June, up by 11 percent year on year. The balance of RMB deposits was 13.5 trillion yuan, up by 11.4 percent year on year.

New RMB deposits stood at 1.1 trillion yuan in the first half of the year, 302.4 billion yuan more than the same period last year. Enditem

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